FirstRand Bank has entered the CLS Settlement community in association with CLS settlement member ABN AMRO. FirstRand is the first South African based bank to join CLS. Its entry will mean a significant boost to Rand settlements via CLS. FirstRand Bank is already settling its own CLS eligible trades live with CLS Bank through ABN AMRO, to great effect. FirstRand Bank has committed to the South African Reserve Bank (SARB) and CLS Bank to provide rand liquidity. They also offer rand account agency services to international banks, to facilitate and support the Rand’s entry and acceptability to CLS.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.